By William Gullotti
Buffalo, N.Y., Jan. 10 – Morgan Stanley Finance LLC priced $1 million of 0% trigger Performance Leveraged Upside Securities due Jan. 8, 2026 linked to the stock performance of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 300% of the stock’s return, subject to a maximum return of par plus 79.25%.
If the stock declines but finishes at or above its 85% trigger level, the payout will be par. Otherwise, investors will be exposed to the decline of the stock from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying stock: | Bank of America Corp.
|
| Amount: | $1,001,000
|
| Maturity: | Jan. 8, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above initial level, par plus 300% of the stock’s return, capped at par plus 79.25%; if the stock declines but finishes at or above trigger level, par; otherwise, exposure to decline of stock from initial level
|
| Initial level: | $34.14
|
| Trigger level: | $29.019; 85% of initial level
|
| Strike date: | Jan. 4
|
| Pricing date: | Jan. 5
|
| Settlement date: | Jan. 10
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61774TND0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
